DJIA - 240 - Watch the US open today.
This trade is only for today.
Observe the 4h candle. Observe the close of it. This could potentially work out.
If it will close above the upper trend line, then look for some upwards movement continuation. But I am leaning more for a quick SHORT to about 21475 level, if the 4h candle will stay below the upper trend line.
At the moment, it's balancing at around Pivot and the 21475 is S1.
Now if it will decide to continue going higher, then 21664 (R1) would be the level to aim for.
As always, keep an eye on the price action!
Observe the 4h candle. Observe the close of it. This could potentially work out.
If it will close above the upper trend line, then look for some upwards movement continuation. But I am leaning more for a quick SHORT to about 21475 level, if the 4h candle will stay below the upper trend line.
At the moment, it's balancing at around Pivot and the 21475 is S1.
Now if it will decide to continue going higher, then 21664 (R1) would be the level to aim for.
As always, keep an eye on the price action!
Comment:
No longer valid.